Equifax Inc, a global leader in information solutions, has formed Equifax Credit Information Services Pvt Ltd (ECIS) to provide a broad range of credit data and information solutions throughout India.

ECIS is a joint venture between Equifax and six leading Indian financial institutions, said a company statement. The institutions include Bank of Baroda, Bank of India, Kotak Mahindra Prime Ltd, Religare Finvest Ltd, Sundaram Finance Ltd and Union Bank of India.

Equifax has received in-principle approval from to the Reserve Bank of India (RBI) in April 2009 to establish the company. Initially, the new company will offer credit information reports and ID products and services for the Indian market.